Immad Akhund is the CEO of Mercury. Launched in 2019, Mercury has raised $500M in funding from Sequoia, Coatue, CRV, Andreessen Horowitz and others. He is a former part-time partner at Y Combinator and is an active angel investor, with more than 350 investments in startups including Rippling, AirTable, Rappi, Applied Intuition, and Substack.
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In Today’s Episode We Discuss:
00:00 Intro
00:53 Exclusive News: New Fund Announcement
01:49 Lessons from 350 Angel Investments
07:26 How Sequoia Came to Lead the Series C for Mercury
12:51 Biggest Wins and Misses in Angel Investing
33:09 Why Move From Angel to VC
38:52 AI Investments: Overhyped or Worthwhile?
48:52 Is It Wrong For Founders to Also Have Funds with LP Capital?
51:54 Raising a First Time Fund: Challenges & Surprises
53:56 The Future of Venture Capital
59:31 Quick-Fire Questions & Reflections
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